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Stocks E / Exxon Mobil Corporation


Subject:  XOM Will Not Be Cutting Divvy at These Prices Date:  1/11/2021  8:44 PM
Author:  Indiscr33t Number:  7922 of 7923

XOM Will Not Be Cutting Divvy at These Prices

Brent at $55. See you above $60 Brent by summer. Kind of funny considering half the world is still shut down. I suspect there is very little political will to fund more major oil projects, globally. Price usually encourages investment in supply. What if in the 2020's, more supply simply doesn't come online, at any price?

For oil, what you see is what you got. G_d help us if we ever go above consumption of 100 million barrels a day as a global population, because the supply will not be there. Just ask Japan right now, and the JKM LNG contract, what the cost of under forecasting is.

Long ~8000 shares XOM at ~$52 basis, exit at $99
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